Finnish online invoicing and accounting company Zervant has raised an investment round of 1.5 million from Conor Venture Partners and existing backers. It previously raised three angel investments.

Zervant offers invoicing and automated accounting software for micro-sized service businesses. It allows entrepreneurs with little or no accounting experience to manage their financials more quickly and cost efficiently.

The company will use the fresh capital to continue its Expansion in Europe. The company's CEO and co-founder Mattias Hansson stated: We have built a platform that can be configured and deployed to practically any country in a matter of weeks, and this new investment helps us to execute our growth plans and further expand into the European market.

The service is currently used by 40.000 businesses and is available in five languages. Its key markets include Sweden, Germany, France and Finland.